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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)
NASDAQ:PLUG

Plug Power - PLUG Stock Forecast, Price & News

$29.96
+0.42 (+1.42%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$29.39
$31.11
50-Day Range
$14.20
$29.96
52-Week Range
$12.70
$46.50
Volume
28.25 million shs
Average Volume
22.11 million shs
Market Capitalization
$17.34 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$33.25

Plug Power MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
11.5% Upside
$33.41 Price Target
Short Interest
Bearish
13.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.13
Upright™ Environmental Score
News Sentiment
0.24mentions of Plug Power in the last 14 days
Based on 70 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.93) to ($0.45) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Industrial Products Sector

118th out of 192 stocks

Electrical Industrial Apparatus Industry

6th out of 10 stocks

PLUG stock logo

About Plug Power (NASDAQ:PLUG) Stock

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

Plug Power Trading Up 6.5 %

Shares of Plug Power stock opened at $29.54 on Monday. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of -27.10 and a beta of 1.78. The business has a 50-day moving average price of $18.96 and a 200-day moving average price of $21.33. The company has a quick ratio of 10.51, a current ratio of 9.10 and a debt-to-equity ratio of 0.12. Plug Power has a twelve month low of $12.70 and a twelve month high of $46.50.

Plug Power (NASDAQ:PLUG - Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The electronics maker reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10). The firm had revenue of $151.30 million for the quarter, compared to analysts' expectations of $162.31 million. Plug Power had a negative net margin of 105.26% and a negative return on equity of 13.73%. The company's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS. Equities research analysts anticipate that Plug Power will post -0.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PLUG. JPMorgan Chase & Co. increased their price target on Plug Power from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 10th. Northland Securities began coverage on Plug Power in a report on Tuesday, August 2nd. They issued a "market perform" rating and a $25.00 target price on the stock. Wells Fargo & Company raised their target price on Plug Power from $19.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday. Citigroup raised their target price on Plug Power from $20.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Susquehanna raised their target price on Plug Power from $30.00 to $35.00 and gave the stock a "positive" rating in a report on Wednesday, August 10th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.48.

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PLUG Stock News Headlines

Here’s How the Inflation Reduction Act Energizes Power Stock
Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten a shot in the arm with the passing of the Inflation Reduction Act of 2022.
Five (5) Stocks Under $50 With Double-Digit Upside  (PLUG)
It’s easy to say “value is where you find it” with an account worth 6 figures. A single purchase of Chipotle Mexican Grill (NASDAQ: CMG) won’t tilt the meter in regard to account diversification and risk
It Might Be Time To Plug Into Plug Power, Inc 
The price action in Plug Power, Inc (NASDAQ: PLUG) has been as volatile as any stock in our coverage over the last year and, like some others, appears to be at or near its bottom. The price action is down nearly 80% since hitting its peak and, coincidentally, trading at levels the institutions once thought attractive.
Plug Power (NASDAQ:PLUG) Price Target Raised to $29.00
Plug Power (NASDAQ:PLUG) PT Raised to $35.00 at Susquehanna
Why Plug Power Stock Jumped 19% Today
See More Headlines
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PLUG Company Calendar

Last Earnings
8/09/2022
Today
8/15/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:PLUG
Employees
2,449
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$33.41
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+11.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

Net Income
$-459,960,000.00
Net Margins
-105.26%
Pretax Margin
-107.97%

Debt

Sales & Book Value

Annual Sales
$502.34 million
Book Value
$7.99 per share

Miscellaneous

Free Float
574,645,000
Market Cap
$17.34 billion
Optionable
Optionable
Beta
1.78

Social Links















PLUG Stock - Frequently Asked Questions

Should I buy or sell Plug Power stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PLUG shares.
View PLUG analyst ratings
or view top-rated stocks.

What is Plug Power's stock price forecast for 2022?

18 analysts have issued 12 month price objectives for Plug Power's shares. Their PLUG share price forecasts range from $19.00 to $50.00. On average, they predict the company's stock price to reach $33.25 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for PLUG
or view top-rated stocks among Wall Street analysts.

How have PLUG shares performed in 2022?

Plug Power's stock was trading at $28.23 on January 1st, 2022. Since then, PLUG shares have increased by 6.1% and is now trading at $29.96.
View the best growth stocks for 2022 here
.

When is Plug Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PLUG earnings forecast
.

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) announced its earnings results on Tuesday, August, 9th. The electronics maker reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by $0.10. The electronics maker earned $151.30 million during the quarter, compared to analyst estimates of $162.31 million. Plug Power had a negative net margin of 105.26% and a negative trailing twelve-month return on equity of 13.73%. Plug Power's quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.18) earnings per share.

What guidance has Plug Power issued on next quarter's earnings?

Plug Power updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $900.00 million-$925.00 million, compared to the consensus revenue estimate of $908.73 million.

What is Andy Marsh's approval rating as Plug Power's CEO?

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).

What is Plug Power's stock symbol?

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Who are Plug Power's major shareholders?

Plug Power's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allianz Asset Management GmbH (3.71%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.32%), Citadel Advisors LLC (0.00%), Northern Trust Corp (0.56%), UBS Asset Management Americas Inc. (0.54%) and Twin Tree Management LP (0.00%). Insiders that own company stock include Andrew Marsh, Fivet Capital Holding Ag, George C Mcnamee, Gerard L Conway Jr, Gregory Kenausis, Jonathan M Silver, Keith Schmid, Lucas P Schneider, Martin Daniel Hull, Maureen O Helmer, Paul B Middleton and Sanjay K Shrestha.
View institutional ownership trends
.

How do I buy shares of Plug Power?

Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Plug Power's stock price today?

One share of PLUG stock can currently be purchased for approximately $29.96.

How much money does Plug Power make?

Plug Power (NASDAQ:PLUG) has a market capitalization of $17.34 billion and generates $502.34 million in revenue each year. The electronics maker earns $-459,960,000.00 in net income (profit) each year or ($1.09) on an earnings per share basis.

How many employees does Plug Power have?

The company employs 2,449 workers across the globe.

When was Plug Power founded?

Plug Power was founded in 1997.

How can I contact Plug Power?

Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The official website for the company is www.plugpower.com. The electronics maker can be reached via phone at (518) 782-7700, via email at investors@plugpower.com, or via fax at 518-782-9060.

This page (NASDAQ:PLUG) was last updated on 8/16/2022 by MarketBeat.com Staff

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